18655 Housing Market Report December 2024•Luzerne County, Pennsylvania

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Housing Prices in 18655, PA

How much do homes in 18655, PA cost?

Housing Market Conditions

Is 18655, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

18655 is a Seller's Market

Difference Since November 2024

Last month, 18655 has remained a Seller's Market.

Insight

18655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$108,500$54/SqFt
-$126,500
-53.8%

Based on all homes sold in December 2024

Insight

Homes in 18655 have sold for 53.8% less than they did a month ago.

Summary: The median home sold price in 18655 was $108,500 in December 2024, down 53.8% from last month, and the median price per square foot was $54.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
2--
N/A
3$235K$56K
-76.2%
5--
N/A
1--
N/A
4-$161K
N/A

Summary: 18655 housing price by bedroom type for December 2024, compared to the previous month. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -76.2%. The home price for 5 bedroom homes did not change. The home price for 1 bedroom homes did not change. The home price for 4 bedroom homes did not change.

Housing supply in 18655, PA

How many homes are available in 18655, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
11Last MonthDec 2024
92 months agoNov 2024
+22.2 %
Change MoMNov – Dec

Summary: The 18655 real estate market had 11 homes for sale in Dec 2024, a 22.2 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthDec 2024
22 months agoNov 2024
0.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
214
+300.0%
354
-20.0%
500
0.0%
100
0.0%
433
0.0%

Summary: 18655 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes increased by +300.0%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 18655, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 18655, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 18655 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for 18655, PA

How long does it take to sell a home in 18655, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 18655 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 18655; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
13 DaysLast MonthDec 2024
0 Days1 month agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: Homes in 18655 had an average listing age of 13 days in Dec 2024, down by .0% compared to the previous month.

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Newest Listings in 18655, PA

What homes are available in 18655, PA?

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MLS Disclaimers and Copyright

Based on information from Central Susquehanna Valley Board of Realtors MLS, and Greater Scranton MLS for the period 11/01/2024 - 01/01/2025

DISCLAIMER NOTICE: The information above is provided exclusively for the use of Members of the Central Susquehanna Valley MLS ('CSVBR-MLS'). Buyers and all other individuals not members of the CSVBR-MLS ('all non-MLS members') are NOT AUTHORIZED TO UTILIZE THIS INFORMATION AND HAVE NO RIGHT TO RELY ON IT. All non-MLS members must independently verify all information important to them and agree to hold all members of the CSVBR-MLS harmless from all liability for the accuracy of this information if they fail to independently verify that information. Information is deemed to be reliable, but is not guaranteed.

Copyright © 2025 Central Susquehanna Valley Board of REALTORS - MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses. IDX Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 11:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.